Anglo American Plc - Minerals Bill: Statement From
ANGLO AMERICAN PLC - MINERALS BILL: STATEMENT FROM ANGLO AMERICAN AND DE BEERS
Anglo American plc
("Anglo American")
ISIN code : GB0004901517
Issuer code: ANAAL
Alpha code : AGL
MINERALS BILL: STATEMENT FROM ANGLO AMERICAN AND DE BEERS
We are pleased that it has been made clear that the leaked draft mining industry
Charter is not official and does not in any way reflect Government policy.
The mining industry remains a fundamental pillar of the South African economy
and is identified in the minds of investors, internationally and domestically,
with business in our country. To that extent the Minerals Bill is the most
important piece of legislation enacted since our Constitution came into effect
in 1994 and it is vital that Government should implement the Act in a way which
promotes the stability and growth of the mining industry and confirms the
reputation of South Africa as a proponent of sound and investor friendly
economic policies.
It is therefore further reassuring that we and the Government at the highest
level have agreed to meet in the next few days to set the scene for a
constructive debate on the negotiation of the mining industry Charter. We are
confident that the meeting will confirm the fundamental principles governing
industry transformation to which Government and the industry have committed
themselves, most importantly the security of tenure and the sale and transfer of
assets in a transparent manner reflecting fair market value.
TONY TRAHAR NICKY OPPENHEIMER
CEO: ANGLO AMERICAN PLC CHAIRMAN: DE BEERS
Johannesburg
6 August 2002
Date: 06/08/2002 03:50:02 PM Produced by the JSE SENS Department
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